Innovating for growth startups programme

Prime Minister Narendra Modi while addressing the nation on the 75th anniversary of India’s independence from the Red Fort on Monday underscored that empowering women is crucial for the growth of the country, which is currently in the decade of digital revolution and innovations. Modi said: “Be it education or science, women of the country are at the top…Be it sports or battlefield, India’s women are stepping forward with a new capability and confidence.” “I see the immense contribution by women in 25 years to come, much more than that in the 75-year journey,” he noted. His Independence Day speech also included the major factors which emerged as the wheels of India’s growth vehicle. These include technological innovations, as well as startups from tier 2 and 3 cities. It is believed that participation from more women, in all these fields, will boost the growth of the country, while India is projected to be the world’s 3rd largest economy in the next 10 years. But many … [Read more...] about PM Promotes ‘Nari Shakti’ During Independence Day, Female Industry Leaders Say Women Force Crucial for India’s Growth

Minister for Tourism, Culture and Youth Services and in-charge Minister for Krishna district R.K. Roja called upon all the government departments to make a coordinated effort to ensure all-around development of the district. Ms. Roja hoisted the national flag at the 76th Independence Day celebrations conducted by the district administration in Machilipatnam on Monday. Along with Collector P. Ranjit Basha and SP P. Joshua, Ms. Roja inspected the guard of honour. Speaking on the occasion, Ms. Roja listed out the schemes and programmes being implemented in the district for the welfare and development of the people. She said that the government has disbursed over ₹1,500 crore to 2.25 lakh pensioners during the past three years in the district. The government is setting up a medical college at a cost of ₹550 crore near Machilipatnam, she said. About the housing scheme, Ms. Roja said over 84,000 houses were sanctioned and 72,000 are under construction, she said. Also, 2.76 lakh … [Read more...] about Strive for all-round growth of Krishna district: Minister

The former president reflects on the nation's's struggles since he exited the White House 10 years ago ASPEN, Colo. -- During Bill Clinton's two terms as president, the median family income increased by 14 percent, the number of Americans in poverty declined by nearly 17 percent, and the number of children in poverty fell by almost one-fourth. Since he left office in 2001, the median income has declined by 5 percent, or more than $2,500. The number of Americans in poverty has increased by 38 percent, or about 12 million. The number of children in poverty has spiked by one-third, or nearly 4 million. Few decades in American history have produced such economic losses. MORE FROM NATIONAL JOURNAL: Enough Already U.S. Economy Less Governable Than Ever Outsiders in Name Only The Clinton-era gains derived, above all, from a dynamic labor market that produced nearly 23 million new jobs from February 1993 to February 2001. Conversely, the stagnation of … [Read more...] about Clinton: What Went Wrong With the Economy After I Left?

While India celebrates its 75th year of Independence, it also celebrates 60 years of diplomatic relations with the European Union (EU). A cooperation agreement signed in 1994 took the bilateral relationship beyond trade and economic cooperation. The first India-EU Summit, in June 2000, marked a watershed in the evolution of the relationship. At the fifth India-EU Summit in 2004, the relationship was upgraded to a ‘Strategic Partnership’. The two sides adopted a Joint Action Plan in 2005 towards strengthening dialogue and consultation mechanisms in the political and economic spheres, enhancing trade and investment, and bringing peoples and cultures together. The 15th India-EU Summit, in July 2020, provided a common road map to guide joint action and further strengthen the partnership over the next five years. The road map highlights engagement across five domains: foreign policy and security cooperation; trade and economy; sustainable modernisation partnership; global governance; and … [Read more...] about A road map for India-EU ties

The year 2013 was unequivocally the year of bitcoins, more than it will be the year of the commercialisation of 3D printers or the advent of private space flight. The bitcoins mining and transactions network first came online in late 2008, saw an adoption boom in early 2012, and got the attention of investors and governments late last year. It’s not really been as much a roller-coaster ride as an initiation into the Gartner hype cycle, and the slope of enlightenment is nowhere in the vicinity. Unfortunately for it, there’s a bigger problem: people have been having the wrong debate, all the way from those who want to get on the bandwagon because they know a bitcoin is worth $825.43 (1616 IST, January 3), to regulators arguing over whether or not cryptocurrencies can replace American dollars, to political economists asking if this is a libertarian agenda plotting to subvert the federal reserve. Needless to say, they’re all wrong. There are two aspects to bitcoins: one as the digital … [Read more...] about Bitcoins: missing the real revolution

A YouTuber has gained millions of views in just a couple of days after he built robot legs to help a snake "walk." The video, released on August 13, was made by Allen Pan, a content creator who uses engineering know-how to create homemade exoskeletons, battlebots and other inventions that often attract millions of views online. Pan said the project's purpose was to prove that he is a "snake lover" after he attracted some criticism from a previous video in which he and some friends appeared to capture a wild snake with the alleged purpose of sneaking it past airport security. (The snake ended up escaping before this could be attempted.) In the new video, Pan said he feels sorry for snakes because "they lost their legs." It's thought that about 100 million to 150 million years ago, snakes roamed on legs before they evolved to the point where they could survive without them. The circumstances surrounding this change have been a topic of debate. Some argue that snakes lost … [Read more...] about Snake given robot legs to walk by inventor: “Cannot believe this works”

Large and Medium Industries Minister Murugesh R. Nirani said that 1,000 acres of land will be acquired in Kalaburagi for setting up of an industrial hub. After unfurling the tricolour and inspecting the 75th Independence Day parade at the District Armed reserve Police grounds in Kalaburagi on Monday, Mr. Nirani said that the State government would acquire 1,000 acres of land near Kalaburagi airport on the outskirts of the city to create infrastructure for boasting industrial growth. Sharing his vision for the State’s industrial growth, Mr. Nirani said that the with State government’s industrial-friendly policies in order to create a conducive atmosphere for investors and attract Foreign Direct Investments (FDI), nearly 42% of FDI into the country is from Karnataka. In the IT-BT sector, Karnataka is in the top position, and it is known as Silicon Valley of India, he added. Mr. Nirani said that the World Economic Forum Meet held at Davos, Switzerland, recently, proved fruitful for … [Read more...] about State government to acquire 1,000 acres of land for industrial hub in Kalaburagi

Kennametal India Ltd.’s consolidated total revenue for the year ended June rose 16% to cross the ₹1,000-crore mark. Net profit during the year soared by 56% to ₹114 crore, the company said in a regulatory filing. For the fourth quarter, revenue from operations rose 27% to ₹269 crore, while total expenditure increased 26% to ₹232 crore. Net profit rose to ₹28 crore from ₹22 crore. “Our steadfast focus on innovation and balancing horizontal deployment of proven solutions with new launches, enabled customers to achieve productivity and performance. Our growth initiatives, combined with commercial and operational efficiencies, helped us to achieve profitable growth in FY22. We will endeavour to progress in FY23,” said MD Vijaykrishnan Venkatesan. … [Read more...] about Kennametal India total revenue crosses ₹1,000 cr.

Real estate developer Arvind SmartSpaces Ltd. (ASL), a part of the Lalbhai Group, said its board has approved the creation of a ₹900-crore residential development platform with HDFC Capital Affordable Real Estate Fund – 3 (HCARE – 3) in which HDFC Capital Advisors is Investment Manager. The proposed investments from ASL and HCARE-3 will be ₹300 crore and ₹600 crore respectively in the platform. “The funds will be utilised for acquisition of new projects for residential developments in the cities of cities of Ahmedabad, Bengaluru , Pune and Mumbai Metropolitan Region (MMR),” ASL said in a statement. ASL will set up a separate SPV to house the projects under this platform. The platform will create an overall revenue potential of ₹4,000-₹5,000 crore excluding reinvestment potential, the company said. “This will further strengthen the strategic partnership between ASL and HDFC Capital Advisors,” it said. Kulin Lalbhai, director, Arvind SmartSpaces said “We are constantly … [Read more...] about Arvind SmartSpaces sets up ₹900-crore real estate platform with HDFC Capital